Thursday, February 23, 2006

Panda Silver Coins

The Chinese peoples Bank have been issuing what is popularly known as Panda silver coins for some years.

2006 is no exception and the recent issue of Panda silver coins continues the tradition of beautiful design these coins are known for.

Actually both gold and silver panda coins were issued and information can be found here about the panda gold coins

These coins commemorate the 10th Anniversary of China Minsheng Banking Corp. Ltd and were all minted by the Shenzhen Guobao Minting Co. Ltd in China.

The obverse of the coin features the Hall of Praying for Good Harvest of the Temple of Heaven in Beijing, and the title of the People’s Republic of China, year 2006, as well as some Chinese characters

The reverse design of the one ounce silver bullion coin features a mother panda and her son, The characters ‘1oz Ag.999’, ‘10th Anniversary of China Minsheng Banking Corp. Ltd.’ and some Chinese characters.

The one ounce round silver coin is bullion in quality, containing 1oz. of pure silver, is 40mm in diameter and10Yuan in face value,. It is 99.9% in purity and the mintage was 70,000.

There is also a five ounce round silver coin and a one kilo silver coin also. Both are proof coins with a .99.9 percent purity. The five ounce coin has a face value of 50 Yuan, a mintage of 10,000 and the one kilo coin a face value of 300 Yuan and a mintage of 4000.

The Panda silver coins are avidly collected by coin enthusiasts and many have some impressive collections obtained over the years and the value of the collections increases as they are added to over the years.